MongoDB's Options: A Look at What the Big Money is Thinking

Investors with a lot of money to spend have taken a bearish stance on MongoDB MDB.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MDB, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 90 uncommon options trades for MongoDB.

This isn't normal.

The overall sentiment of these big-money traders is split between 36% bullish and 50%, bearish.

Out of all of the special options we uncovered, 36 are puts, for a total amount of $2,455,164, and 54 are calls, for a total amount of $2,930,042.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $230.0 to $400.0 for MongoDB over the recent three months.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for MongoDB's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across MongoDB's significant trades, within a strike price range of $230.0 to $400.0, over the past month.

MongoDB Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

About MongoDB

Founded in 2007, MongoDB is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. MongoDB provides both licenses as well as subscriptions as a service for its NoSQL database. MongoDB's database is compatible with all major programming languages and is capable of being deployed for a variety of use cases.

Having examined the options trading patterns of MongoDB, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

MongoDB's Current Market Status

• Currently trading with a volume of 8,390,670, the MDB's price is down by -16.28%, now at $293.12.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 86 days.

What The Experts Say On MongoDB

In the last month, 5 experts released ratings on this stock with an average target price of $369.0.

Turn $1000 into $1270 in just 20 days?

20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from RBC Capital persists with their Outperform rating on MongoDB, maintaining a target price of $400. * An analyst from Piper Sandler has decided to maintain their Overweight rating on MongoDB, which currently sits at a price target of $425. * Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on MongoDB with a target price of $350. * An analyst from Scotiabank persists with their Sector Perform rating on MongoDB, maintaining a target price of $350. * Consistent in their evaluation, an analyst from Mizuho keeps a Neutral rating on MongoDB with a target price of $320.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for MongoDB, Benzinga Pro gives you real-time options trades alerts.